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Retail
Chef Jean-Georges to use QR codes to limit contact in restaurants
As New York City enters phase two of reopening, restaurateurs like Jean-Georges Vongerichten are anxiously awaiting the new normal after shutting their doors for more than three months.The city is predicting 5,000 restaurants will begin…
Climate change, supply chain and labor issues are making food pricier
The Biden administration said Wednesday it plans to take "bold action" to enforce antitrust laws aimed at meatpacking companies it says are causing beef, pork, and poultry prices to rise at the grocery store.Even though beef prices have…
Costco brings back purchase limits on toilet paper and more
People shop for toilet paper at a Costco store in Novato, California on March 14, 2020.Josh Edelson | AFP | Getty ImagesCostco Chief Financial Officer Richard Galanti said Thursday the company wants to make sure it has essential items at…
FTSE 100 trims gains after US open rally, sterling turns red
FTSE 100 index up 64 points
Sterling dips
Wall Street opens with a surge
3.45pm: Sterling turns red
The Footsie trimmed its gains ahead of close, after a nearly 100-point rally following a buoyant US open.
London’s leading…
Lawsuit alleges Victoria’s Secret has ‘toxic culture of sexual harassment’
People walk past a Victoria's Secret store in Barcelona.John Milner | LightRocket | Getty ImagesA shareholder of L Brands, the parent company of Victoria's Secret, is suing the company for records and alleging that its bra and lingerie…
Sears is shutting its last store in Illinois, its home state
A shopping cart sits in the parking lot of a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is "substantial doubt" about the company's financial…
Inditex falls to loss and plans €2.7bn investment in online shopping and
The portfolio of larger stores will be concentrated on strategic shopping districts in larger cities
Inditex, the owner of the Zara, Massimo Dutti, Pull&Bear and Bershka clothes chains, says it will invest €1bn over the next two…
Walmart says crypto payments announcement is fake. Litecoin tumbles after
Cryptocurrency litecoin gave up a 20% gain and tumbled back to earth following a fake press release sent out by GlobeNewswire that referenced a partnership with Walmart.Walmart spokesman Randy Hargrove confirmed the press release is not…
Pets at Home Group PLC a “dead cert income fund holding”, says Peel Hunt
The broker said the retailer's web traffic had also been very strong during lockdown and they envisaged "special dividends ahead" as the group continued to generate cash
() has been labelled “a dead cert income fund holding” by…
Coresight predicts record 25,000 retail stores will close in 2020
A store stands closed near Wall Street as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City.Spencer Platt | Getty ImagesOne result of the coronavirus pandemic could be as many as 25,000…